$2,000,000,000 (billion) per annum ? ? ? ? ?, page-16

Doc,

From memory that P/E sounds about right.

P/E of 8.28 on my screen.

On checking, the market cap is $73,465,081

Norm,

"The UK's most successful betting exchange, Betfair, has reported a current turnover (matched bets) of GBP 3.2 billion ($AUD 7.9b) per annum." So about 4x the size.

...and Rob,

Yes, % commission is the key figure however $1.7b is a nice turnover base. Even half a percent commission on that is $9,000,000 !!!

ZOX